Investing in Real Estate in Vegas
In 2008, real estate investors learned that real estate, just like everything else, is a risky business. Property isn’t a magical asset that only appreciates, but can go down too. If you’re new to investing in real estate in Las Vegas , here’s what you need to know before you open your checkbook. You’re Going To Need A Substantial Downpayment If the financial crisis taught the banks anything, it was that they couldn’t expose themselves to excessive mortgage risk. Thus many lenders insist that today’s buyers put down large down payments, sometimes as much as 20 percent of the value of the property. Hence, if you want to invest in real estate, you’ll need a large pile of cash behind you first. You’re Expected Returns Are Probably A Little Off Buying an investment property in Las Vegas usually requires a little more than simply putting money down on the house and then waiting for renters to move in: there are other expenses too you’ll want to consider when calculating your ret